Made for about $15,000, Paranormal Activity became a box office sensation as it earned $151 million worldwide.

Paramount is looking to release Paranormal Activity 2 on October 22, which puts it up against Saw VII 3D. The Greutert-directed sixth “Saw” wasn’t able to beat “Paranormal” its opening weekend, making $14.1 million compared to “Paranormal’s” $21.1 million that same weekend last October. Summit’s graphic novel adaptation Red is also scheduled to open on Oct. 22.

Jason Blum and Oren Peli, are producing the second iteration. Steven Schneider will serve as executive producer.

“These guys get it, and the fans won’t be disappointed,” said Peli of Perry and Greutert’s participation.